GOING VIRTUAL: Here's how internships will work this summer at top Wall Street banks
Wall Streetsummer internshipswill be different this year due to the coronavirus pandemic.
- From shortened programs to fully remote experiences, banks are looking for new ways to run their summer internships program.
- For banks, keeping interns engaged is key to filling their full-time hiring pipeline.
- Visit Business Insider's homepage for more stories.
Wall Street internships will look different this year as the coronavirus pandemic changes the way the firms operate.
From shortened terms to fully remote internships, banks are looking for ways to keep the summer programs up and running amid shelter-in-place conditions.For young Wall Street hopefuls, landing an internship at a top bank is about more than a summer of schmoozing in Manhattan. It's a foot in the door for a full-time career.Advertisement
And the banks, too, rely on the pipeline of interns to fill their new analysts classes. Ideally, after 10 weeks of training, working, and networking with senior leadership, top interns will want to return the following summer as full-time employees.
Here's the latest on how Wall Street players are reworking their internships this summer.
Goldman Sachs"The team is hard at work exploring existing and innovative new digital solutions to ensure you receive the engagement, mentorship, and relationship-building that make our summer internship program so special," Goldman Sachs said in a memo. Read more here: Advertisement
Goldman Sachs will host its interns virtually this summer, joining the likes of Bank of America and Morgan Stanley who are running remote programs
Goldman Sachs is delaying and shortening its summer internship, but will pay interns their full original offer
Bank of America
The internship programming will be similar to prior years, albeit virtual, Ebony Thomas, an executive in the firm's global human resources division, told Business Insider.
Read the full story here:
Bank of America's summer internship will be entirely virtual. A talent exec runs through how the bank's 2,000 global interns will learn, network, and volunteer without stepping into an office.
CitiCiti is guaranteeing its summer interns in New York, London, Hong Kong, Singapore, and Tokyo full-time offers before their shortened five-week program kicks off this JulyAdvertisement
Read the full story here:
Citi's head of campus recruiting explains why the bank just guaranteed full-time offers for interns, and shares its latest thinking on going virtual this summerRead the original article on Business Insider
- 11 more healthcare workers at AIIMS test positive for COVID-19
- Twelve more COVI9-19 cases in UP's Muzaffarnafar; number rises to 47
- Virus hotspot fears close Netherlands meat plant
- 4 fresh COVID-19 cases in Puducherry, tally rises to 35
- S'pore to set 'travel bubbles' with countries where COVID-19 is under control; cases reach 33,860